ICT export remittances, which include telecommunication, computer, and information services, increased by 36% to $1.302 billion in the first half of fiscal year 2021-22, compared to $959 million in the same period of fiscal year 2020-21.
ICT exports were $251 million in December 2021, up 29 percent from $195 million in December 2020, according to data supplied by the Ministry of Information Technology and Telecommunication.
This was $30 million more than the previous month’s exports in November 2021.
For the current fiscal year, the Ministry of Information Technology and Telecommunications has set a goal of $3.5 billion.
According to a government official, the Ministry of Information Technology and Telecommunications is committed to expanding IT exports and is taking special measures in this area.
Syed Aminul Haq, the Federal Minister of Information Technology and Telecommunications, has urged the Pakistan Software Export Board to take all necessary steps to meet the IT export target. According to him, it is critical to promote all aspects of information technology and connect the youth, particularly students, to the digital world as part of the prime minister’s “Digital Pakistan” goal.
He added that the Ministry of Information Technology is playing a key role in using information technology to combat the Covid-19 pandemic, and that coronavirus cases are now reducing in the country. The government’s considerable incentives and different projects to improve the IT industry’s capacity and capability have resulted in strong industry growth rates.